VeChain 60% for free until mainnet launch. Vexchange 🚀
Intro:
- VeChain ( VET ) is full-fledged layer 1 public blockchain.
- Since 29st of October the VeChainThor v1.6.0 is live. --> POA2.0 activation starts. Testnet Nov. 5 and Mainnet Nov. 16.
- Vexchange, the first DEX of VeChainThor launches soon.
- In circulation we have 66 billion coins out of currently 86 billion possible.
- Total market cap is currently around 10 billion and still has a lot of room to grow
Daily chart:
- Price finds itself in an uptrend and currently faces resistance around 0.145$. One might see an inversed head and shoulders pattern that is about to break out soon.
- Volume kept steady over the last couple of months. An increase is expected once we see an upwards breakout for price.
- RSI analysis shows that we are in an uptrend that confirms the current trend. We still have room to go up.
- Moving Average: Price uses the 20MA as support and it looks like we get some separation which is very bullish.
- Support lines are at 0.057$ and possibly the ascending yellow line.
- Resistance lines are at 0.145$, 0.185$ and 0.235$.
Expectation:
- We expect VET to break out above the 0.145 resistance and move up to 0.235$ within the next 10 days until we see the mainnet go live and the Vexchange active.
- End of the year prediction: We will see a 0.5$+ VET before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
- VeChain ( VET ) is full-fledged layer 1 public blockchain.
- Since 29st of October the VeChainThor v1.6.0 is live. --> POA2.0 activation starts. Testnet Nov. 5 and Mainnet Nov. 16.
- Vexchange, the first DEX of VeChainThor launches soon.
- In circulation we have 66 billion coins out of currently 86 billion possible.
- Total market cap is currently around 10 billion and still has a lot of room to grow
Daily chart:
- Price finds itself in an uptrend and currently faces resistance around 0.145$. One might see an inversed head and shoulders pattern that is about to break out soon.
- Volume kept steady over the last couple of months. An increase is expected once we see an upwards breakout for price.
- RSI analysis shows that we are in an uptrend that confirms the current trend. We still have room to go up.
- Moving Average: Price uses the 20MA as support and it looks like we get some separation which is very bullish.
- Support lines are at 0.057$ and possibly the ascending yellow line.
- Resistance lines are at 0.145$, 0.185$ and 0.235$.
Expectation:
- We expect VET to break out above the 0.145 resistance and move up to 0.235$ within the next 10 days until we see the mainnet go live and the Vexchange active.
- End of the year prediction: We will see a 0.5$+ VET before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.